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Markets & Forecasts

North America slow to replenish gas stocks

April has been a disappointing month for storage injections in North America, contributing to the strength in Henry Hub front-month futures April has been a disappointing month for storage injections in North America, contributing to the strength in Henry Hub front-month futures.
By Abhishek Kumar 29 April 2014 Americas / Supply & Demand 0 24938

April has been a disappointing month for storage injections in North America, contributing to the strength in Henry Hub front-month futures. The front-month contract rose as high as $4.81/MMBtu on 24 April following the release of the latest storage data from the United States Energy Information Administration – its highest level since 26 February.

The US had 25.4 billion cubic metres of storage gas in the week ending 18 April – down by 48% year on year and 52.9% below the five-year average....